Tuesday, Dec 11, 21:16 GMT
ASIA-PACIFIC Trading Newsletter
To Get Started
- The Advisor Weblog: At the Close
- NEW Webinar Video: Building a Trading System in the Forex by John Jagerson
- LIVE Free−Access Day on Wednesday 12th − Check our schedule!
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Live Sessions Schedule
FX Instructor Live Trading Room− Free Acces Day
Expert: Sunil Mangwani
Start: Wed, Dec 12, 10:00 GMT
Sponsored by: 
Type of Session: Webinar
Larry Levin's Trading Strategies− Free Acces Day
Expert: Larry Levin
Start: Wed, Dec 12, 13:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Wed, Dec 12, 10:00 GMT | FX Instructor Live Trading Room− Free Acces Day | Sunil Mangwani | WBN | |
| Wed, Dec 12, 11:00 GMT | What Moves Currencies?− A look at GBP crosses | Tony Juste | WBN |  |
| Wed, Dec 12, 13:00 GMT | Larry Levin's Trading Strategies− Free Acces Day | Larry Levin | WBN |  |
| Wed, Dec 12, 14:00 GMT | Level of Sentiment in the FX Market − Free Access Day | Antonio Sousa | WBN |  |
| Wed, Dec 12, 14:30 GMT | US Session Open − Free Access Day | Ed Ponsi | WBN | |
Current Session: U.S.
EUR/USD
Mid−Day Forex Technical Report − Dollar Mixed Ahead of FOMC, Euro Weighed Down by ActionForex.com
Fed is announcing their rate decision tonight at 8.15 pm CET. There is not much doubt that Fed will cut rates, but it is quite uncertain if Fed will cut by 25 or 50bp. The market is calculating a 72% probability for a 25bp cut and 28% probability for a 50bp cut. The latest macroeconomic figures have not been all that worrying and Fed is still worried about inflation on the upside.
- Intraday reversal at Tony Juste's blog
- Long−term Forex Perspectives: Our new blog by John Jagerson and S. Wade Hansen
- New Webinars Video − Access now Educational Sessions Recordings
- Check out how pairs moved: Live Currency Rates & Charts
- Follow up the most relevant Economic Data in the new Real Time Economic Calendar
- Be up to date with the Latest Forex News
Other Topics for this Session:
FX Thoughts for the Day − FX Thoughts for the day − Evening − 11−Dec−2007....1211 GMT by Kshitij Consultancy Service
Forex Technical Report − Forex Technical Report USD/JPY by iFOREX.bg
Currency Majors Technical Analysis by Mataf.net
Currencies at a Glance
- EUR/USD
- Trades around pivot level 1.4695
12/11/2007 16:23 GMT - GBP/USD
- Moves down below pivot level 2.0417
12/11/2007 16:24 GMT - USD/CHF
- Moves down below second resistant level 1.1339
12/11/2007 16:24 GMT - USD/JPY
- Back around pivot level 111.64
12/11/2007 16:24 GMT
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, Aspen Trading Group, CMS Forex, Danske Bank A/S, FXstreet.com, Global Forex Trading, Mizuho Corporate Bank
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
GBP USD, Hourly
EUR USD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION S.A.
| Date (GMT) | Event | Cons. | Previous | |
| Dec 12 | 10:00 | Industrial Production s.a. (MoM) | 0.2% | -0.7% |
| Dec 12 | 10:00 | Industrial Production w.d.a. (YoY) | 3.7% | 3.5% |
EMU economic indicators - German ZEW economic sentiment is expected to decline in December by BHF−Bank
October EMU industrial production probably only increased slightly, as the corresponding German figure declined.
[ Full Story ]Top Market Movers Review
US FED INTEREST RATE DECISION
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 19:15 | Fed Interest Rate Decision | 4.25% | 4.25% | 4.50% |
European and US summary - FOMC Trims 25−bp, USD, JPY Buoyed by Forexnews.com
The FOMC, as largely anticipated, cut its benchmark lending rate by 25−basis points to 4.25% while also lowering the discount rate by 25−basis points to 4.75%. Given the reaction by the US equity bourses, markets were hoping for either a more aggressive ease or language from the Fed. The yen strengthened across the board following the decision, rallying on its inverse correlation with equities.
[ Full Story ]- Read the FOMC statement
- Dollar mixed after Fed cuts rates (Thomson Financial News)
- Fed cuts target rate as expected, disappoints with discount rate cut UPDATE (Thomson Financial News)
- Fed cuts interest rate (Thomson Financial News)
Central Banks: Fed - Dec 11 Meeting Preview by FXstreet.com
Wakeup Call on Forex Markets - Waiting for FOMC by Saxo Bank
Sunrise Market Commentary: Fixed Income - US Treasuries hit by some follow through selling ahead of FOMC decision by KBC Bank
US WHOLESALE INVENTORIES
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Dec 11 | 15:00 | Wholesale Inventories | 0.0% | 0.5% | 0.6% |
DATA SNAP: US Wholesale Inventories Below Expectations (Dow Jones)
U.S. wholesalers' inventories didn't budge during October, a sign businesses might be trying to keep supplies lean. Wholesale inventories were virtually unchanged at a seasonally adjusted $403.72 billion, after climbing a revised 0.6% during September.
[ Full Story ]- Read the Monthly Wholesale Trade at Commerce Department
- US October wholesale inventories unchanged, sales up 0.7 pct (Thomson Financial News)
- US Wholesale Inventories remained unchanged in October (FXstreet.com)
- US Oct Wholesale Inventories unchanged vs 0.6% increase in September (FXstreet.com)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Dec 11 | 19:15 | US | Fed Interest Rate Decision | 4.25% | 4.25% | 4.50% |
| 22:00 | US | ABC Consumer Confidence (Dec 9) | -20 | -24 | ||
| 23:30 | AU | Westpac Consumer Confidence (Dec) | -4.2% | |||
| 23:50 | JP | Adjusted Current Account (Oct) | ¥2270B | ¥2242B | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (MoM) (Nov) | 0.1% | -0.1% | ||
| 23:50 | JP | Domestic Corporate Goods Price Index (YoY) (Nov) | 2.1% | 2.4% | ||
| Dec 12 | 00:30 | AU | National Australia Bank's Business Conditions (Nov) | 20 | ||